Govt proposes Rs 4000 cr investment for DMRC in Budget

Government proposed an investment of Rs 4,140.75 crores in the next fiscal for the Delhi Metro Rail Corporation, the second phase of which is nearing completion.

Besides the investment of Rs 4,140.75 crores, the government will also pump in Rs 650 crore through equity and a Rs 2,130 crores through assistance for externally aided projects.

However, as the construction of the ambitious second phase, which will cover another 125 km in the National Capital Region will be completed by October, the government did not propose any grant or subordinate debt for the organisation, said Finance Minister Pranab Mukherjee during his Budget speech in Lok Sabha.

In the last Budget, the government had proposed an investment of Rs 3,247.75 crores but ended up spending Rs 5,833.70 crores.

DMRC is a joint venture of Delhi Government and the Urban Development Ministry.